Listen to article
As the aftermath of her arrest, the Economic and Financial Crimes Commission, EFCC, has finally released former Speaker of the House of Representatives, Mrs Patricia Olubunmi Etteh on bail.
Her release was announced on Friday night after fulfilling bail conditions offered her by investigators working on her case.
EFCC spokesman, Wilson Uwujaren, in a statement, said the former Speaker is to report periodically to the agency to assist with further investigations.
Africa Daily News, New York can recall that she was arrested on 17th May over suspicious and shady financial involvement with Phil Jin Projects Limited.
Reports had it that Phil Jin Projects Limited was granted a contract by the NDDC for the supply of solar-powered street lights in some communities in Akwa Ibom. The company received N287m, even though the contract was worth N240m.
Phil Jin Project Ltd later paid N130m to Patricia Etteh.
The anti-graft Agency is investigating to find out why the ex-minister received the money when she is not a director of the company.
In another report, it has been revealed that a few days after operatives of the Economic and Financial Crimes Commission (EFCC) arrested Mr. Ahmed Idris the Accountant General of the Federation (AGF), in connection with an alleged diversion of funds and money laundering activities to the tune of N80billion, fresh facts have emerged that more officials might soon be picked up by the anti-graft agency.
According to the anti-graft agency, investigation showed that the AGF raked in the funds through bogus consultancies and other illegal activities, using proxies, family members and close associates. The funds, according to EFCC, were laundered through real estate investments in Kano and Abuja.
Mr. Idris was arrested after failing to honour invitations by the EFCC to respond to issues connected to the fraudulent acts. A competent source in EFCC who pleaded not to be named, told Saturday Sun that more staff, highly-placed persons and other interested government officials involved in the financial heist, will be arrested soon.
The source said what the public knows is a scratch on the surface compared to what further investigation by the anti-graft agency has so far revealed. He said the AGF was due for retirement about two years ago, but was reportedly extended by the presidency, despite the clear violation of the civil service rule.